The Directors of Thorn Group Limited announced that Ms. Joycelyn Morton has stepped down as Chair of the Board and that Non-Executive Director David Foster has been appointed as the Chairman. Ms. Morton will remain as a director of the Company until a replacement is announced. David Foster was the Chief Executive Officer of Suncorp Bank from 2008 until 2013 and holds a number of non-executive directorships in both the private and governmental sectors.